Libero Copper has announced that it has entered into an agreement to acquire 100 percent of the Mocoa porphyry copper-molybdenum deposit in Colombia from B2Gold Corp.

Libero Copper (TSXV:LBC) has announced that it has entered into an agreement to acquire 100 percent of the Mocoa porphyry copper-molybdenum deposit in Colombia from B2Gold Corp in return for issuance of 10,400,000 shares comprising a 19 percent stake in Libero Copper and a 2 percent royalty on the project.

In today’s (May 9) press release Libero said:

the Mocoa deposit contains an in-pit inferred resource at a cut-off of 0.25 percent copper equivalent of 636 million tonnes of 0.45 percent copper equivalent including 4.6 billion pounds of copper and 511 million pounds of molybdenum.

The Mocoa deposit is located near the Ecuador border 10 kilometres from the town of Mocoa.